Travelport reported a solid first quarter, led by its Beyond Air portfolio -- particularly its travel payment solutions company eNett, which had an 81% increase in revenue.

Travelport reported a net revenue increase of 4%, to $678 million. Net income increased 6%, to $59 million. Travel Commerce Platform increased 5%, to $653 million, while the Technology Services portion of its business saw a 12% decrease in revenue to $25 million.

Air revenue was down $2 million (a 0.3% decrease) for a total of $473 million. Travelport said it was impacted by the "loss of a large travel agency in the Pacific region."

The Beyond Air portion of Travelport's business saw a revenue increase of 22%, to $180 million, contributing 28% of the Travel Commerce Platform's revenue. Beyond Air's revenue increase was largely because of eNett's revenue increase of 81%, to $74 million.

ENett uses virtual account numbers (VANs), automatically generated MasterCard numbers, that can be used to make payments; unique numbers are used for each transaction, making VANs a secure form of payment.

During the company's earnings call on Thursday, president and CEO Gordon Wilson called eNett's first-quarter results a "standout performance."

According to Travelport, eNett's revenue came from "an increase in the volume of payments settled with existing customers."

With eNett, Wilson said, "We think we are still barely scratching the surface of potential."

Also on the call, Wilson briefly addressed Elliott Associates and the nearly 12% stake in Travelport that the company took in March Documents filed with the Securities and Exchange Commission indicated major changes could be afoot at Travelport as a result, including a sale. Wilson was mum on any details.

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